Credit analysts analyze financial statements and produce financial reviews for companies and their clients. Aspiring credit analysts may enroll in finance programs offering relevant coursework such as corporate finance, management, risk situations and insurance, along with practical learning experiences like internships.
Top Business Schools
These schools offer prime programs in finance, accounting, and/or business administration.
|College/University||Location||Institution Type||Degrees Offered||Tuition and Fees (2015-16)*|
|University of Pennsylvania||Philadelphia, PA||4-year, Private not-for-profit||Bachelor's, Master's, Doctoral||Undergrad: $49,536
|Massachusetts Institute of Technology||Cambridge, MA||4-year, Private not-for-profit||Bachelor's, Master's, Doctoral||$46,704
|University of California - Berkeley||Berkeley, CA||4-year, Public||Bachelor's, Master's, Doctoral||Undergrad: $13,431 in-state, $38,139 out-of-state
Grad: $13,431 in-state, $28,533 out-of-state
|University of Michigan - Ann Arbor||Ann Arbor, MI||4-year, Public||Bachelor's, Master's, Doctoral||Undergrad: $13,856 in-state, $43,476 out-of-state
Grad: $20,966 in-state, $42,016 out-of-state
|New York University||New York, NY||4-year, Private not-for-profit||Bachelor's, Master's, Doctoral, Postgraduate Certificate||Undergrad: $47,750
|University of Virginia||Charlottesville, VA||4-year, Public||Master's, Doctoral, Undergraduate Certificate||Undergrad: $15,192 in-state, $44,365 out-of-state
Grad: $17,094 in-state, $26,892 out-of-state
|Carnegie Mellon University||Pittsburgh, PA||4-year, Private not-for-profit||Bachelor's, Master's, Doctoral||Undergrad: $50,665
|University of North Carolina - Chapel Hill||Chapel Hill, NC||4-year, Public||Bachelor's, Master's, Doctoral||Undergrad: $8,591 in-state, $53,673 out-of-state
Grad: $11,074 in-state, $28,285 out-of-state
|University of Texas - Austin||Austin, TX||4-year, Public||Bachelor's, Master's, Doctoral||Undergrad: $9,806 in-state, $34,676 out-of-state
Grad: $10,934 in-state, $20,762 out-of-state
|Cornell University||Ithaca, NY||4-year, Private not-for-profit||Master's, Doctoral||$29,581|
*Source: NCES College Navigator.
School Selection Criteria
Students interested in credit analyst programs may want to keep these considerations in mind:
- Internships in banking or insurance settings could fulfill some of the work experience preferred by most employers.
- Educational tracks resulting in qualification to become a certified public accountant (CPA) may take five years to complete due to the CPA certification examination's mandatory minimum requirement of 150 credit hours.
- Bachelor of Business Administration (BBA) degree programs that include mandatory projects, specifically within the concentration areas of finance, accounting and business, could be useful portfolio-building opportunities for graduates seeking employment.
- Distance education and part-time options are available at some schools for students who are currently employed or are geographically distant from a desired school.
Bachelor's Degree in Finance
A bachelor's degree in finance can be completed in four years. An internship may be required or available as an option. Coursework may include global finance, insurance, financial securities, investment, and corporate finance.
Bachelor's Degree in Accounting
Bachelor's degree programs in accounting may qualify students for CPA certification as well as employment as a credit analyst. Coursework could include taxation, finances, economics, statistics, and information systems.
Bachelor of Business Administration
BBA programs may be completed in four years and allow students to choose a concentration in a major area of the business world, such as finance, accounting, organizational marketing or management. Coursework is largely concentration-specific, with core courses including business management, human resources, and financial planning. Internship experiences and final projects may also be included within the curriculum.
Master of Business Administration
MBA programs commonly allow for a great deal of flexibility in course scheduling, particularly in the second and final years. Many programs culminate in a thesis, though non-thesis tracks may be available. The core curriculum may focus on advanced concepts of business principles, such as macroeconomics, organizational theory, and financial accounting.
Many of the best schools offer business administration degrees, while finance and accounting degrees are slightly less common. Any of these degrees can be valuable to an aspiring credit analyst.